ABSTRACT
Charterparties differ from bill of lading contracts in two important respects. First, they are not subject to the mandatory application of the Hague and Hague-Visby Rules. Secondly, they are not subject to the statutory assignment contained in the Carriage of Goods by Sea Act (COGSA) 1992. Theoretically, they are classified as a contract for the use of the vessel, as opposed to the bill of lading, which is classified as a contract for the carriage of goods.
